# The New Towns Act 1981 (Local Authority Oversight) Regulations 2018, Paragraph 8


Section 67 (accounts of development corporations) has effect as if for that section there were substituted—
“Accounts and audit
67. The Local Audit and Accountability Act 2014 applies to a locally-led new town development corporation as if the development corporation were a “relevant authority” (as defined in section 2 of, and Schedule 2 to, the Local Audit and Accountability Act 2014).”.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111169995/schedule/1/paragraph/8 (the official version)
Page: https://openlegislation.uk/draft-new-towns-act-1981-local-authority-oversight-regulations-2018/schedule-1/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.